Inventus Mining (CVE:IVS) Hits New 1-Year High – Still a Buy?

Inventus Mining Corp. (CVE:IVS)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$0.09 and last traded at C$0.08, with a volume of 45000 shares changing hands. The stock had previously closed at C$0.09.

Inventus Mining Stock Down 5.9 %

The business has a fifty day moving average of C$0.05 and a 200 day moving average of C$0.05. The company has a market capitalization of C$13.44 million, a PE ratio of -7.00 and a beta of 0.83. The company has a current ratio of 1.44, a quick ratio of 0.07 and a debt-to-equity ratio of 41.50.

Insider Activity at Inventus Mining

In related news, Director Glen Alexander Milne purchased 577,000 shares of Inventus Mining stock in a transaction on Tuesday, November 19th. The shares were bought at an average price of C$0.06 per share, with a total value of C$31,735.00. Insiders bought 1,952,000 shares of company stock worth $99,235 in the last three months. 31.70% of the stock is owned by company insiders.

Inventus Mining Company Profile

Inventus Mining Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for gold and base metals. It holds 100% interests in the Pardo Paleoplacer gold project covering an area of 3.8 square kilometers block of mineral leases and 180 square kilometers of mineral claims; and Sudbury 2.0 project totaling an area of 240 square kilometers of mineral claims located in Sudbury Mining Division, Ontario.